Micron Technology, Inc. (MU) vs Texas Instruments Incorporated (TXN)

Micron Technology, Inc. and Texas Instruments Incorporated are both Semiconductors companies. Micron Technology, Inc. is the larger, with a market value of $1.05T against $254.9B — 4.1× the size. Micron Technology, Inc. trades at the lower P/E: 11.7× against 41.7×. Micron Technology, Inc. grew revenue faster over the last twelve months: 256.3% against 16.7%. Micron Technology, Inc. has the higher net margin (63.8% vs 31.0%) and the higher return on invested capital (62.0% vs 18.1%). Both pay a dividend; Texas Instruments Incorporated yields more (2.60% vs 0.06%). Across the 23 metrics below, Micron Technology, Inc. leads on 21 and Texas Instruments Incorporated on 2.

Valuation

Metric MU TXN Semiconductors median
P/E 11.67 41.67 45.58
P/S 7.44 12.97 7.63
P/B 7.16 14.02 4.90
Price to free cash flow 16.80 46.80 48.34
EV/EBITDA 8.75 27.43 28.36
EV/Sales 7.15 13.34 7.15
Earnings yield 8.57% 2.40% 0.75%
Free cash flow yield 5.95% 2.14% 0.67%

Profitability

Metric MU TXN Semiconductors median
Gross margin 80.72% 58.33% 52.28%
Operating margin 74.59% 37.29% 4.76%
Net margin 63.80% 30.97% 4.26%
Free cash flow margin 44.27% 27.72% 8.47%
Return on equity 88.26% 35.01% 2.59%
Return on assets 60.98% 17.01% 1.78%
Return on invested capital 62.01% 18.09% 2.27%

Growth

Metric MU TXN Semiconductors median
Revenue growth (TTM) 256.33% 16.66% 16.92%
EPS growth (last fiscal year) 879.31% 4.81% 27.17%
Revenue growth, 5-year CAGR 36.89% 4.10% 5.83%
Net income growth, 5-year CAGR 70.71% (2.23%) 0.00%

Health

Metric MU TXN Semiconductors median
Debt to equity 0.04 0.78 0.05
Current ratio 3.31 4.86 3.28
Net debt to EBITDA (0.35) 1.14 0.58

Dividend

Metric MU TXN Semiconductors median
Dividend yield 0.06% 2.60% 1.19%
Payout ratio 0.01 1.10 0.40

Size

Metric MU TXN Semiconductors median
Market cap 1.05t 254.91b 5.43b

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